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HEADLINES
Chana future falls on poor demand .
Chana continued to rule sluggish in Indore mandis amid poor
demand for pulses and ‘besan’ from the millers. In Indore mandis,
chana (Kanta) ruled steady at Rs 3,350-75 a quintal, while chana
(desi) ruled at Rs 3,150-75 . Chana (Annagiri) ruled at Rs 3,100-50,
chana (masumi) at Rs 3,300, chana (kaktu) at Rs 2,700-3,000,
chana (vishal) at Rs 3,100-50, while Kabuli Bitki ruled at Rs 3,000-
3,100 a quintal.
Jeera futures pins on export demand
Jeera prices may witness an uptrend on the back of export
enquiries. Export demand is likely to improve in the coming weeks
because of lack of supplies from Syria and Turkey.As such, prices
are expected to increase.Jeera futures were increased as demand
was slightly higher than arrivals in the spot market. However, spot
jeera was remained unchanged. On the NCDEX, jeera June
contract gained Rs 165 to Rs 13,347.50 a quintal with an open
interest of 13,218 lots. NCDEX July series was up Rs 137.50 to Rs
13,512.50with an open interest of 4,971 lots...
EXPERT OPINION
STOCK S1 S2 R1 R2
CHANA 3,420 3370 3500 3550
RM SEED 3,520 3470 3600 3650
SOYABEAN 3875 3825 3970 4000
JEERA 13200 13000 13500 13700
Trading tip:
Sell chilli June below
5450 tg 5400,5350 sl
5550
Sell dhaniya june
below 6540
tg 6500,6450
sl 6575www.epicresearch.co +91 9752199966
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